UNITES STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 1999
Check here if Amendment [ ]; Amendment Number:
This Amendment (check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Nicholas Company, Inc.
Address: 700 North Water Street
Suite 1010
Milwaukee, WI 53202
Form 13F File Number: 28-1226
The institutional investment manager filing this report and the person by
whom it is signed hereby represent that the person signing the report is
authorized to submit it, that all information contained therein is true,
correct and complete, and that it is understood that all required items,
statements, schedules, list, and tables, are considered integral parts of
this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Jeffrey T. May
Title: Senior Vice President and Treasurer
Phone: 414-272-4650
Signature, Place, and Date of Signing:
/s/ Jeffrey T. May Milwaukee, WI 11/12/1999
[Signature] [City, State] [Date]
Report Type (check only one.):
[x] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report,
and all holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for
this reporting manager are reported in this report and a portion are
reported by other reporting manager(s).)
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FORM 13F
NICHOLAS COMPANY, INC. Item 6:
Item 2: Item 4: Item 5: Item 6:
Item 1: Title Item 3: Fair Market Shares Investment Item 7: Item 8:
Name of of CUSIP Value or Principal Discretion Managers Voting Authority
Issuer Class Number (thousands) Amount (a)Sole See Instr.V (a)Sole (b)Shared (c)None
____________________________________________________________________________________________________________________________________
<C> <C> <C> <C> <C> <C> <C> <C> <C>
Apple Computer, Inc. COM 037833100 145 2,300 SH 2,300 2,300 0
Albertson's, Inc. COM 013104104 1,515 38,300 SH 38,300 28,300 10,000
Abbott Laboratories COM 002824100 62,830 1,709,660 SH 1,709,660 9,660 1,700,000
ADC Telecommunications, Inc. COM 000886101 126,647 3,019,900 SH 3,019,900 227,400 2,792,500
American General Corporation COM 026351106 2,306 36,500 SH 36,500 29,500 7,000
American Home Products CorporationCOM 026609107 85,590 2,062,400 SH 2,062,400 13,400 2,049,000
American International Group, Inc.COM 026874107 133,668 1,537,515 SH 1,537,515 10,953 1,526,562
Assisted Living Concepts, Inc. COM 04543L109 1,462 974,380 SH 974,380 155,380 819,000
Assisted Living Concepts, Inc.-CVTSUB DB 04543LAD1 945 1,750,000 PRN 1,750,000 0 1,750,000
AMCORE Financial, Inc. COM 023912108 11 525 SH 525 525 0
Atlantic Richfield Company COM 048825103 14,499 163,600 SH 163,600 13,600 150,000
Associated Banc-Corp COM 045487105 30,301 837,331 SH 837,331 183,848 653,483
Artesyn Technologies, Inc. COM 043127109 38,079 2,007,460 SH 2,007,460 449,060 1,558,400
AutoZone, Inc. COM 053332102 81,721 2,912,100 SH 2,912,100 327,100 2,585,000
BioChem Pharma Inc. COM 09058T108 8,139 340,000 SH 340,000 0 340,000
Franklin Resources, Inc. COM 354613101 45,292 1,472,900 SH 1,472,900 33,000 1,439,900
General Cable Corporation COM 369300108 20,785 1,732,106 SH 1,732,106 485,156 1,246,950
Biogen, Inc. COM 090597105 17,638 223,800 SH 223,800 3,800 220,000
Boron, LePore & Associates, Inc. COM 10001P102 2,467 438,580 SH 438,580 153,580 285,000
Bando McGlocklin Capital CorporatiCOM 060003100 621 72,000 SH 72,000 16,500 55,500
Biomet, Inc. COM 090613100 16,266 618,200 SH 618,200 183,200 435,000
Burlington Resources Inc. COM 122014103 26,574 723,100 SH 723,100 23,100 700,000
Brady Corporation CL A 104674106 10 325 SH 325 325 0
Berkshire Hathaway Inc.-Cl A CL A 084670108 217,745 3,959 SH 3,959 0 3,959
Berkshire Hathaway Inc.-Cl B CL B 084670207 71 38 SH 38 0 38
Brown & Brown, Inc. COM 115236101 17,624 530,045 SH 530,045 270,245 259,800
Boston Scientific Corporation COM 101137107 23,088 935,200 SH 935,200 38,800 896,400
Citigroup Inc. COM 172967101 148,632 3,378,000 SH 3,378,000 0 3,378,000
Cardinal Health, Inc. COM 14149Y108 92,966 1,705,794 SH 1,705,794 132,901 1,572,893
Chubb Corporation (The) COM 171232101 30 600 SH 600 600 0
Commerce Bancorp, Inc. COM 200519106 4,032 97,145 SH 97,145 2,145 95,000
CBS Corporation COM 12490K107 21,044 455,000 SH 455,000 0 455,000
Clear Channel Communications, Inc.COM 184502102 94,026 1,177,165 SH 1,177,165 85,700 1,091,465
Concord EFS, Inc. COM 206197105 4,769 231,204 SH 231,204 9,954 221,250
Crescent Real Estate Equities, IncCOM 225756105 1,422 79,000 SH 79,000 79,000 0
Community First Bankshares, Inc. COM 203902101 5,131 304,070 SH 304,070 7,570 296,500
C.H. Robinson Worldwide, Inc. COM 12541W100 15,587 462,680 SH 462,680 245,680 217,000
Chevron Corporation COM 166751107 18,398 207,300 SH 207,300 7,300 200,000
Cincinnati Financial Corporation COM 172062101 587 15,657 SH 15,657 15,657 0
Citadel Communications CorporationCOM 172853202 512 15,000 SH 15,000 0 15,000
CONMED Corporation COM 207410101 4,752 193,975 SH 193,975 3,975 190,000
Correctional Properties Trust COM 22025E104 619 44,850 SH 44,850 0 44,850
Cincinnati Bell Inc. COM 171870108 4,183 215,200 SH 215,200 31,300 183,900
Cintas Corporation COM 172908105 80,864 1,398,724 SH 1,398,724 26,724 1,372,000
CVS Corporation COM 126650100 59,324 1,453,578 SH 1,453,578 203,630 1,249,948
DBT Online, Inc. COM 233044106 9,473 379,875 SH 379,875 3,625 376,250
Dean Foods Company COM 242361103 2,832 65,000 SH 65,000 45,000 20,000
Walt Disney Company (The) COM 254687106 24,620 951,500 SH 951,500 1,500 950,000
Dover Downs Entertainment, Inc. COM 260086103 5,531 398,665 SH 398,665 41,085 357,580
Elan Corporation, plc ADR 284131208 62,537 1,863,300 SH 1,863,300 5,300 1,858,000
Emeritus Corporation-CVT BD SDCV144291005AA4 5,269 8,781,000 PRN 8,781,000 0 8,781,000
Entercom Communications Corp. CL A 293639100 4,369 121,355 SH 121,355 3,855 117,500
Expeditors International of WashinCOM 302130109 28,127 876,400 SH 876,400 160,400 716,000
Fastenal Company COM 311900104 112,112 2,379,045 SH 2,379,045 195,045 2,184,000
Fiserv, Inc. COM 337738108 58,080 1,787,075 SH 1,787,075 341,450 1,445,625
Fifth Third Bancorp COM 316773100 162,500 2,670,778 SH 2,670,778 134,936 2,535,842
Fleet Financial Group, Inc. COM 33901A108 73 2,000 SH 2,000 2,000 0
Firstmerit Corporation COM 337915102 9,342 368,160 SH 368,160 218,160 150,000
First National Bank of Anchorage (COM 322387101 18,078 17,706 SH 17,706 0 17,706
Fannie Mae COM 313586109 147,293 2,349,647 SH 2,349,647 49,647 2,300,000
Foremost Corporation of America COM 345469100 72,872 3,036,331 SH 3,036,331 295,200 2,741,131
Freddie Mac COM 313400301 147,295 2,832,592 SH 2,832,592 61,392 2,771,200
Forest Laboratories, Inc. COM 345838106 13,928 330,625 SH 330,625 225 330,400
Firstar Corporation COM 33763V109 80,340 3,135,200 SH 3,135,200 59,000 3,076,200
Cedar Fair, L.P. DEPOSIT150185106 498 24,000 SH 24,000 24,000 0
Guidant Corporation COM 401698105 28,368 529,000 SH 529,000 0 529,000
G & K Services, Inc. - Cl A CL A 361268105 28,035 692,212 SH 692,212 119,000 573,212
General Motors Corporation - Cl H CL H NE370442832 256,165 4,474,500 SH 4,474,500 242,500 4,232,000
Genuine Parts Company COM 372460105 1,000 37,650 SH 37,650 22,650 15,000
Grainger (W.W.), Inc. COM 384802104 721 15,000 SH 15,000 15,000 0
Manor Care, Inc. COM 564055101 37,427 2,177,550 SH 2,177,550 278,800 1,898,750
Home Depot, Inc. (The) COM 437076102 67,639 985,632 SH 985,632 42,432 943,200
Harley-Davidson, Inc. COM 412822108 26,758 534,500 SH 534,500 0 534,500
Homestead Savings - CNV PFD PFD A C437843204 5 5,000 SH 5,000 0 5,000
Household International, Inc. COM 441815107 1,196 29,800 SH 29,800 13,800 16,000
Health Management Associates, Inc.CL A 421933102 78,422 10,633,513 SH 10,633,513 979,693 9,653,820
Horace Mann Educators Corporation COM 440327104 516 20,000 SH 20,000 0 20,000
Glacier Water Trust I PFD A 376398202 4,869 265,000 SH 265,000 0 265,000
Healthcare Realty Trust IncorporatCOM 421946104 2,243 120,000 SH 120,000 0 120,000
Heartland Express, Inc. COM 422347104 72,997 5,167,940 SH 5,167,940 499,271 4,668,669
Hearst-Argyle Television, Inc. COM 422317107 16,594 771,819 SH 771,819 0 771,819
International Business Machines CoCOMM 459200101 36,413 300,000 SH 300,000 0 300,000
Intel Corporation COM 458140100 29,933 402,800 SH 402,800 2,300 400,500
InvestorsBancorp COM 461833105 26 3,578 SH 3,578 3,578 0
Interim Services Inc. COM 45868P100 7,887 481,662 SH 481,662 339,440 142,222
International Speedway CorporationCL A 460335201 31,756 604,151 SH 604,151 3,225 600,926
International Speedway CorporationCL B 460335300 11,486 219,310 SH 219,310 0 219,310
J. C. Penny Company, Inc. COM 708160106 447 13,000 SH 13,000 0 13,000
Keane, Inc. COM 486665102 13,656 598,600 SH 598,600 219,800 378,800
Knight Transportation, Inc. COM 499064103 11,419 787,529 SH 787,529 326,279 461,250
Kohl's Corporation COM 500255104 79,775 1,206,420 SH 1,206,420 17,020 1,189,400
Landauer, Inc. COM 51476K103 1,005 40,000 SH 40,000 10,000 30,000
Leggett & Platt, Incorporated COM 524660107 31,353 1,592,512 SH 1,592,512 82,512 1,510,000
Eli Lilly and Company COM 532457108 26,560 415,000 SH 415,000 0 415,000
Loral Space & Communications Ltd. COM G56462107 24,219 1,409,100 SH 1,409,100 52,000 1,357,100
LaSalle Re Holdings Limited ORD G5383Q101 222 16,000 SH 16,000 0 16,000
McDonald's Corporation COM 580135101 65,291 1,518,388 SH 1,518,388 18,388 1,500,000
Mercury General Corporation COM 589400100 128,510 4,662,492 SH 4,662,492 155,092 4,507,400
Medtronic, Inc. COM 585055106 37,919 1,068,130 SH 1,068,130 44,334 1,023,796
Merrill Lynch & Co., Inc. COM 590188108 47,031 700,000 SH 700,000 0 700,000
Metro Information Services, Inc. COM 59162P104 2,213 172,755 SH 172,755 3,755 169,000
Mutual Risk Management Ltd. COM 628351108 41,103 3,355,322 SH 3,355,322 377,322 2,978,000
Marsh & McLennan Companies, Inc. COM 571748102 822 12,000 SH 12,000 6,000 6,000
Mobil Corporation COM 607059102 11,083 110,000 SH 110,000 0 110,000
Motorola, Inc. COM 620076109 77,126 876,428 SH 876,428 26,428 850,000
Marshall & Ilsley Corporation COM 571834100 233,278 4,088,113 SH 4,088,113 121,350 3,966,763
Monsanto Company COM 611662107 65,504 1,835,500 SH 1,835,500 35,500 1,800,000
MGIC Investment Corporation COM 552848103 76 1,600 SH 1,600 1,600 0
National Commerce Bancorporation COM 635449101 16,430 747,900 SH 747,900 292,900 455,000
National City Bancorporation COM 635312101 4,013 229,329 SH 229,329 7,749 221,580
Nationwide Financial Services, IncCL A 638612101 1,355 38,300 SH 38,300 38,300 0
National HealthCare Corporation COM 636906100 8,631 1,232,952 SH 1,232,952 10,000 1,222,952
National Health Investors, Inc. COM 63633D104 31,420 1,911,500 SH 1,911,500 55,400 1,856,100
National Health Realty, Inc. COM 635905102 7,542 709,828 SH 709,828 28,000 681,828
NOVA Corporation COM 669784100 5,008 200,320 SH 200,320 15,320 185,000
Newell Rubbermaid, Inc. COM 651229106 14,234 498,350 SH 498,350 184,500 313,850
Omnicare, Inc. COM 681904108 2,310 240,000 SH 240,000 240,000 0
Omega Healthcare Investors, Inc. COM 681936100 3,360 160,000 SH 160,000 0 160,000
O'Reilly Automotive, Inc. COM 686091109 29,607 621,255 SH 621,255 153,755 467,500
Osteotech, Inc. COM 688582105 3,268 239,826 SH 239,826 4,576 235,250
Paychex, Inc. COM 704326107 10,981 321,800 SH 321,800 6,800 315,000
Pitney Bowes Inc. COM 724479100 341 5,600 SH 5,600 5,600 0
Patterson Dental Company COM 703412106 41,654 840,435 SH 840,435 180,285 660,150
PepsiCo, Inc. COM 713448108 354 11,700 SH 11,700 11,700 0
Pfizer Inc. COM 717081103 43,125 1,200,000 SH 1,200,000 0 1,200,000
Progressive Corporation (The) COM 743315103 48,187 589,900 SH 589,900 2,600 587,300
Priority Healthcare Corporation CL B 74264T102 309 10,000 SH 10,000 0 10,000
Protective Life Corporation COM 743674103 119,162 4,109,040 SH 4,109,040 342,040 3,767,000
Plantronics, Inc. COM 727493108 2,533 50,905 SH 50,905 905 50,000
Pharmacia & Upjohn, Inc. COM 716941109 645 13,000 SH 13,000 0 13,000
Province Healthcare Company COM 743977100 2,492 216,705 SH 216,705 6,705 210,000
PSS World Medical, Inc. COM 69366A100 19,441 2,175,215 SH 2,175,215 377,090 1,798,125
Pulitzer Inc. COM 745769109 21,395 470,866 SH 470,866 0 470,866
Qwest Communications InternationalCOM 749121109 84,230 2,849,224 SH 2,849,224 162,752 2,686,472
Reckson Associates Realty Corp. COM 75621K106 1,780 85,500 SH 85,500 85,500 0
Reckson Associates Realty Corp.-CVPFD CV 75621K205 414 20,500 SH 20,500 0 20,500
Renal Care Group, Inc. COM 759930100 8,233 375,835 SH 375,835 19,585 356,250
Regions Financial Corporation COM 758940100 5,552 185,444 SH 185,444 185,444 0
RenaissanceRe Holdings Ltd. COM G7496G103 278 8,000 SH 8,000 0 8,000
RPM, Inc. COM 749685103 6,046 496,079 SH 496,079 416,079 80,000
Res-Care, Inc. COM 760943100 6,375 375,019 SH 375,019 9,769 365,250
Republic Services, Inc. CL A 760759100 50,130 4,609,700 SH 4,609,700 496,500 4,113,200
Salem Communications Corporation CL A 794093104 4,302 168,690 SH 168,690 2,950 165,740
Asia Satellite Telecommunications SPONSOR04516X106 7,670 300,800 SH 300,800 0 300,800
StanCorp Financial Group, Inc. COM 852891100 3,623 161,940 SH 161,940 1,940 160,000
State Financial Services CorporatiCL A 856855101 2,088 143,397 SH 143,397 0 143,397
Shire Pharmaceuticals Group PLC SPONSOR82481R106 3,794 131,670 SH 131,670 1,670 130,000
Sonoco Products Company COM 835495102 511 22,407 SH 22,407 22,407 0
PanAmSat Corporation COM 697933109 24,312 673,000 SH 673,000 168,000 505,000
St. Jude Medical, Inc. COM 790849103 79,868 2,535,500 SH 2,535,500 72,000 2,463,500
ServiceMaster Company (The) COM 81760N109 48,604 3,025,900 SH 3,025,900 322,100 2,703,800
Sybron International Corporation COM 87114F106 121,343 4,515,100 SH 4,515,100 336,400 4,178,700
Stryker Corporation COM 863667101 91,662 1,792,890 SH 1,792,890 92,890 1,700,000
Medallion Financial Corp. COM 583928106 6,379 315,000 SH 315,000 0 315,000
Thermo BioAnalysis Corporation COM 88355H108 10,129 551,225 SH 551,225 9,125 542,100
TESSCO Technologies Incorporated COM 872386107 7,024 413,175 SH 413,175 176,175 237,000
Thermo Instrument Systems Inc. COM 883559106 8,085 756,500 SH 756,500 187,000 569,500
TiVo Inc. COM 888706108 748 25,000 SH 25,000 0 25,000
Thermedics Inc. COM 883901100 5,423 729,200 SH 729,200 366,000 363,200
Thermo Electron Corporation COM 883556102 28,012 2,084,625 SH 2,084,625 232,800 1,851,825
ThermoQuest Corporation COM 883655102 5,594 552,450 SH 552,450 43,750 508,700
Thermo Optek Corporation COM 883582108 3,939 466,796 SH 466,796 46,796 420,000
Tootsie Roll Industries, Inc. COM 890516107 38,405 1,168,223 SH 1,168,223 165,100 1,003,123
Time Warner Telecom Inc. CL A 887319101 1,566 75,000 SH 75,000 0 75,000
U.S. Foodservice COM 90331R101 16,052 891,800 SH 891,800 286,800 605,000
USA Networks, Inc. COM 902984103 73,761 1,903,500 SH 1,903,500 71,000 1,832,500
U.S. Bancorp COM 902973106 34,133 1,130,700 SH 1,130,700 0 1,130,700
Univision Communications Inc. CL A 914906102 6,046 74,300 SH 74,300 0 74,300
Valspar Corporation (The) COM 920355104 73,110 2,236,650 SH 2,236,650 192,850 2,043,800
Thermo Vision Corporation COM 883600108 2,732 408,580 SH 408,580 0 408,580
Vulcan Materials Company COM 929160109 45,532 1,243,200 SH 1,243,200 27,200 1,216,000
Walgreen Co. COM 931422109 63,577 2,505,512 SH 2,505,512 105,512 2,400,000
Waddell & Reed Financial, Inc.-Cl CL A 930059100 2,727 122,900 SH 122,900 92,900 30,000
Wells Fargo & Company COM 949746101 753 19,000 SH 19,000 19,000 0
Watson Pharmaceuticals, Inc. COM 942683103 63,026 2,062,193 SH 2,062,193 176,100 1,886,093
DENTSPLY International Inc. COM 249030107 56 2,470 SH 2,470 2,470 0
Tricon Global Restaurants, Inc. COM 895953107 4,094 100,000 SH 100,000 0 100,000
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5,626,666
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Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 177
Form 13F Information Table Value Total (thousands): $5,626,666
List of Other Included Managers: NONE
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is
filed, other than the manager filing this report.
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